President Biden to Forgive Billion in Student Loans

Floor Speech

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Mrs. McCLAIN. Mr. Speaker, I rise today to represent the majority, the majority of Americans who actually pay their bills, the majority of Americans who actually believe that if they have a right, they actually have a responsibility.

Unfortunately, President Biden just announced that by the stroke of his pen, he is going to forgive $39 billion in student loans, this morning.

Now, let me be clear. This is in direct violation of the Supreme Court's decision just 2 weeks ago that blocked his student loan forgiveness plan. I guess the President has no respect for the constitutional authority of the Supreme Court.

Apparently, he has no respect for hardworking taxpayers that are going to foot this bill. Education isn't free. Someone pays for it. Last I checked, the teachers don't work for free. It is you, the taxpayer, who actually paid your student loans, who is now going to pay for somebody that doesn't want to pay their student loans. Every American who has paid off their student loans now gets the opportunity to pay somebody else's.

What comes next, Mr. President? Are you going to forgive mortgages and credit card bills? Where does this forgiveness end?

Rest assured, come hell or high water, I will fight this till the end.

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